Friday, June 12, 2009

Short Takes: Book Giveaway, Cash for Clunkers, and Securities Lending

1. To enter the draw to win a copy of Curtis M. Faith’s book Inside the Mind of the Turtles: How the World’s Best Traders Master Risk (see review here), send an email with the subject “Book” to the address shown on the upper right corner of this blog. The draw will close Sunday June 14 at noon. I will contact the winners to get (Canadian or American) postal addresses.

2. Preet explains the new “cash for clunkers” program in the US that pays people to trade in old gas-guzzlers for a fuel-efficient car. Maybe this is a business opportunity for Canadians to sell their old vehicles to Americans who want a new car, but don’t have a clunker to trade in.

3. The interest costs of borrowing stock for shorting had been mostly a mystery to me. Larry MacDonald gives several pointers to sites that explain securities lending.

4. Canadian Capitalist explains how you could be paying double withholding taxes on the dividends earned by your ETFs.

5. Frugal Trader compares features of high-end chequing accounts. The monthly fees on these accounts looks like the amount I pay per year on bank fees.

6. Big Cajun Man reports that membership in registered pension plans actually rose in Canada during 2007. It seems a safe bet that this trend reversed in the past 17 months.

3 comments:

  1. Thanks for the link, should be interesting to see those numbers in a year or so.

    ReplyDelete
  2. Thanks for the link Michael!

    ReplyDelete
  3. I'm liking Inside the Mind of the Turtles so far. To be honest, I didn't think I'd like a book by traders but thought I'd read it nevertheless. Glad I did. Thanks for mention!

    ReplyDelete